Where are multimillionaires spending their money? A new survey from Long Angle took a look at services most wealthy Americans are paying for — and the ones they value most. Of households with over $2.2 million in net worth, 82% use CPA and tax services, and housekeeping has become a “staple” for most. But that heavy spending doesn’t necessarily mean they’re happy with what they get: financial and home services score among the lowest in the survey’s satisfaction rankings, whereas services that help personal and family well-being rank the highest.
Friday morning, a heat map of the S&P 500 looked like a solid red square. While stocks managed to rebound from session lows, the S&P 500 still finished a bit down, while the Nasdaq 100 and Russell 2000 managed to eke out a higher finish. The tech sector ETF, which was down as much as 2% Friday, managed to close in the green.
